Debunking Five Fallacies About Financial Distress
From the outside looking in, the world of corporate restructuring may appear daunting and complex. However, there are many misconceptions about the process and what it entails. Nerina Jahja dispels some common restructuring myths and…
Why You Should Consider Appointing an Estate Trustee During Litigation
During the untimely passing of a friend or family member; the complexities and nuances of managing a contentious estate can be both overwhelming and highly stressful—especially if there is no will already in place…
When Shareholders Revolt: Succession Planning and Disputes
Family business succession is complicated, even at the best of times, but becomes even more challenging when stakeholders refuse to play nice. Paul Denton shares a cautionary tale on how picking the wrong buyer can…
High Stakes: Understanding a Stalking Horse Sale Process
In simplest terms, a stalking horse process aims to find a buyer for a company's distressed asset. After an initial bidder is found, establishing a floor price, the process is opened to a potentially…
Once Partners, Now Enemies: How to Manage Shareholder Disputes
Disagreements between business partners are a grim reality when operating a private company. However, if these little squabbles snowball into full blown shareholder disputes, it’s time to seek help before it’s too late…
Can I Be Held Personally Liable For Company Debts?
In our previous articles, where we help business owners and directors navigate various financial challenges, we discussed the importance of consulting with a licensed insolvency trustee (LIT) and the various options available when experiencing financial…
My Company Is Insolvent—What Are My Options?
After running the numbers, you’ve determined your company is insolvent. With that in mind, what are your options as a business owner? Although it may seem like a dire situation, there can be positive…
A Cautionary Tale in Bankruptcy: When HST Came Back to Bite
In the past 18 months, the CRA has become more active in reversing the input tax credits on HST payables for bankrupt companies, on the premise that underlying payables will not be paid. John Hendriks…
Is My Company Insolvent?
With high interest rates and rampant inflation, it’s important for businesses to take stock of their financial situation and address early triggers before they morph into bigger problems. In a series tailored specifically to…
Capital Reserves: How to Win with Your Balance Sheet
It’s always good to have options—especially when the unexpected happens. In his latest article, Derek Church compares the parallels of military and business tactics. While these may seem like completely different worlds, there…